C02519-2018

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Chelsea Logistics Holdings Corp.CLC

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Quarterly Progress Report on the Application of IPO Proceeds with Certification by the Company's External Auditors

Background/Description of the Disclosure

We hereby submit the following attachments, in compliance with the requirement for newly listed companies to provide a progress report on the application of proceeds.

1. Progress report on the application of proceeds from IPO for the quarter ended 31 March 2018; and
2. Certification of Punongbayan & Arraulo on the accuracy of the information provided by CLC, in relation to the progress report.

Other Relevant Information

N/A

Filed on behalf by:
Name Ma. Henedina San Juan
Designation Corporate Secretary